Category: Andrew Bailey

‘It’s tragic’: Bank of England governor watching Middle East crisis closely

Exclusive: in an interview with the Guardian Andrew Bailey says he fears conflict will affect oil pricesThe Bank of England is monitoring the Middle East crisis amid fears that a worsening conflict between Iran and Israel will...

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‘Shock and awe’ interest rate rise leaves Sunak’s cost of living pledge in tatters

Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to interveneRishi Sunak’s pledge to ease the cost of living crisis is in tatters after the Bank of England was forced to raise...

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Bank of England says inflation has ‘turned corner’ despite soaring food prices

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errorsFrom CPI to stagflation: how the UK tracks price rises and what key inflation terms meanThe Bank of England...

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Wetherspoon’s boss: hospitality holding off price rises could be ‘catastrophic’

Tim Martin says Bank of England is right to ask firms to be mindful but advice should not be taken too literallyBank boss urges firms to hold back price rises or risk higher ratesThe boss of JD Wetherspoon has warned it could be...

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UK racing to secure deal to protect firms from Silicon Valley Bank collapse

Rishi Sunak and Jeremy Hunt explore options to help tech and life sciences sectorsWhy Silicon Valley Bank was so important to UK tech sectorThe UK government is scrambling to secure an emergency support package to protect...

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Brexit and drop in workforce harming economic recovery, says Bank governor

Andrew Bailey also said disastrous mini-budget had damaged Britain’s international reputation Britain is suffering worse economic performance than its rivals because of Brexit and a stark drop in the size of the workforce...

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